China Pledges a Trade Fight to the End

China

China Brief on Beijing’s response to Trump’s tariff increases.

By , a deputy editor at Foreign Policy.

China has toughened up its rhetoric amid U.S. President Donald Trump’s tariff increases. Last week, Chinese Foreign Ministry spokesperson Lin Jian said that if the United States “insists on a tariff war, trade war or any other war, China will fight to the end”—a statement reiterated by state media and embassy social media accounts.

With Trump flip-flopping on his trade threats against Canada, Mexico, and other countries, China remains the only consistent target of escalating tariffs, which now average 33 percent on Chinese goods. China is now throwing its weight around, with new tariffs against Canada aimed at dissuading it from giving in to U.S. demands to place tariffs on Chinese goods.

China has toughened up its rhetoric amid U.S. President Donald Trump’s tariff increases. Last week, Chinese Foreign Ministry spokesperson Lin Jian said that if the United States “insists on a tariff war, trade war or any other war, China will fight to the end”—a statement reiterated by state media and embassy social media accounts.

With Trump flip-flopping on his trade threats against Canada, Mexico, and other countries, China remains the only consistent target of escalating tariffs, which now average 33 percent on Chinese goods. China is now throwing its weight around, with new tariffs against Canada aimed at dissuading it from giving in to U.S. demands to place tariffs on Chinese goods.

With little end in sight to Trump’s trade wars, the Chinese government might be prepared to fight to the end, but it is uncertain whether the Chinese public feels the same. Serious trade wars in part reflect a government’s trust that the public will tolerate the pain that they cause, whether it comes in more expensive or unavailable goods, lost jobs, or slumping stock markets.

It’s worth noting that, until 2020, China had experienced four decades of a boom economy, with bad times largely regionally confined. That ended harshly under COVID-19 lockdowns, when the public’s tolerance for suffering proved to have limits.

Source: Foreignpolicy.com

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About Stu Turley 4358 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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